The venture fund of a subsidiary of Rostelecom acquired 10% of the developer Luntry

This is the first project of the Solar Ventures fund, created in mid-October to support the information security market, said Igor Heresh, director of asset management and mergers and acquisitions at Solar Group. Financial details of the deal were not disclosed.

A representative of the group of companies explained that the agreement with Luntry will strengthen Solar’s competencies in the field of microservices and container protection, and will also expand the range of services. This step is part of the company’s long-term investment strategy until the end of 2025. In 2024, Solar also partnered with Digital Security and Secure-T, and in 2022 it acquired NTB.

Solar Group’s investments will not change Luntry’s strategy, but will allow them to protect critical government systems using containers, said the company’s founder and CTO, Dmitry Evdokimov.

Solar analysts estimate the container security market in Russia will be 1.1 billion rubles by 2023, and predict growth of between 2 billion and 2.5 billion rubles by 2027. They estimate that Luntry could take up to 20% of the market in this moment.

The demand for container security has increased noticeably in recent years, Positive Technologies product manager Mikhail Bessarab told Vedomosti. Many companies view containers as a standard tool, increasing demand for solutions to protect them.

The general director of the analytical agency Infoline-Analytics, Mikhail Burmistrov, explained to the publication that investments in Luntry are risky and are aimed at significant expansion of the company, so additional conditions may be provided. However, the service itself is not unique, he noted. Similar solutions already exist on the Russian market, included in complex products such as those developed by Kaspersky Lab and Positive Technologies, as well as in offers from smaller companies, confirmed Alexander Gorny, co-founder of the business angels club United Investors.

According to Burmistrov, taking into account public reports, the company could be worth 500 million rubles and the investment amount would be about 50 million rubles.

Luntry (Claudran LLC) was founded in 2021. The company develops container security solutions. Its clients include large banks, insurance companies, IT companies and federal retailers, a company representative said. In January 2024, Luntry announced a partnership with the Softline group of companies. According to SPARK-Interfax, the company’s revenue for 2023 amounted to 80.5 million rubles, and net profit – 24.9 million rubles.

In mid-October, Solar Group announced the creation of a venture fund, Solar Ventures. Within the framework of the project, the company plans to invest up to 1.1 billion rubles, which will represent approximately 5% of the total amount of the investment program calculated until the end of 2025.